Lake and Geauga Counties . .
a Great Place to Live! The eastern and southeastern communities
(Lake and Geauga Counties) offer lifestyles from suburbs to country and
everything in between. Bordered by Lake Erie on the north, the area offers a
mosaic of growing cities, charming small towns, suburban communities, upscale
homes, mini-estates, century homes, and country living.
Housing is quite affordable throughout the
area and the school systems are excellent. The area is nationally recognized
for its universities and medical facilities as well as its renowned cultural
events and institutions.
If sports lights your fire, Cleveland is
right for you. Our major league sporting events are all hosted right downtown
where you can join the fans cheering for the Cleveland Browns at the Browns
Stadium, the Cleveland Indians at Jacobs Field and the Cleveland Cavaliers at
Gund Arena. While you're there you can top off the evening with some exciting
nightlife in the Flats at the mouth of the Cuyahoga River. It's just down the
street.
 The Greater Cleveland area is blessed with
four full seasons with activities available to enjoy each to the fullest. In
addition to the many swimming and boating activities offered by Lake Erie, the
Lake Metroparks system provides many unique and creative outdoor activities.
The Lake Farm Park located in Kirtland is a working farm that offers
educational and fun events all based on the farming tradition. Nature trails
are abundant for those who prefer hiking or, for the biking set, a wonderful
new bike trail that meanders through many of the communities has been
developed. Every season offers its own delightful adventures.
For more information on the many exciting
activities offered by our area, please fill out the form below and we'll get
right back to you. You're just going to love it here! 
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Financing Your Home >ARMs
Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.
Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.
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| Q |
Which home is considered the ultimate in California craftsman-style architecture?
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| A |
Located in Pasadena, the Gamble House, built in 1908 by Charles and Henry Greene, is a National Historic Home open to visitors.
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